Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Toxic2040]

What ties all this image together besides the cat? For me, its the diagonal banding all flowing at basically the same angle. Sweep out all the MM's moves in a thin market and you start to see what I would call "organic" growth. Which is a complete misnomer but still a somewhat apt description of massive ongoing adoption. #btfd

Ouch. Dump city. I knew you were all up to no good.

Credit: @CryptoParadyme

[afbitcoins]

Look I don't care if you buy monero. Just if you are holding dash beware. It is demonstrably a total and complete scam. Are you aware of the events that took place before dash was called dash and before it was called darkcoin when it was still x-coin?

Yes I know about the fastmine, in rather a lot of detail actually, it is not any secret. Thanks for your concern though. You think I must be terribly ignorant falling for the scam. Though it is my best investment to date. Go figure.

Attacking Dash is not a defence of Monero, no. And I have neither the desire or need to deflect anything.

I just answered your (IMHO, ill-informed) attack with a giggle and a pop as I know you are a Dash fan and a bit 'touchy' about it.  It was as unnecessary as your mail was, but just a pop back in kind.  I figured you'd dig the hole deeper and I confess quite enjoyed it when you did, but it's run its course.

A little advice?:  Whether you like it or not, you will have a LOT of trouble persuading anyone here Dash is remotely superior to Monero.  You ought to have worked that out even if you don't agree with it. Rant and offense won't change that.

But hey, each to their own. Live and let live and all that.   So unless you have anything that is not offensive and is worth reading to add, let's leave it at that, eh?

Have a nice day.

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

[Raja_MBZ]

So it was rat poison after all... too bad we didn't take the old men sayings seriously.

[Karartma1]

"The Basis Says The Bitcoin Bottom Is In" https://medium.com/@homeytel/the-basis-says-the-bitcoin-bottom-is-in-e6d94d086b15

I hope this will not be remembered as one of those famouses last words. I'll go and get him otherwise.

[bitserve]

So you are suggesting we pass the buck to another poor fool while we cash out at the top?
That's immoral.

As immoral as trading freshly harvested baby brains. 

I agree. Trading freshly harvested baby brains is evil and will almost certainly end badly... I would short that market if there was an easy way to do it.

[Torque]

As immoral as trading freshly harvested baby brains. 

I agree. Trading freshly harvested baby brains is evil and will almost certainly end badly... I would short that market if there was an easy way to do it.

I heard a rumor that you can buy a freshly harvested baby brain on the darknet market with BCash. I hope Charlie Munger doesn't find out. 

[afbitcoins]

So it was rat poison after all... too bad we didn't take the old men sayings seriously.

If only it was just rat poison. In fact it is... rat poison squared!

[kurious]

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

Correct.  As I said, you attacked Monero - unnecessarily and wrongly.  So I called you out on Dash, rightly. 

It's your mess, old chap - you didn't need to keep digging.

[afbitcoins]

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

Correct.  As I said, you attacked Monero - unnecessarily and wrongly.  So I called you out on Dash, rightly.  

It's your mess, old chap - you didn't need to keep digging.

Yes I did attack Monero  

Are you canadian by any chance? You strike me as a canadian type

[bitserve]

I am finding this Monero vs Dash argument somewhat amusing

When does the hair grabbings start?

[afbitcoins]

I am finding this Monero vs Dash argument somewhat amusing

When does the hair grabbings start?

I know ! haha very soon I think

[bitserve]

I wonder how traditional investments forums may be.... Something like this:

Trader1: Apple has topped, prepare for a crash. Buy Microsoft instead.

Trader2: Shut up shill, we all know you sodl APPL when it was $15 and are still waiting to buy. You lost the train.

Trader3: Fuck Microsoft. Everybody knows that Gates and Ballmer hodled most the stocks from the IPO.

Trader1: Fuck your mother if you want to fuck. APPL is a one-man's project... and that man is dead!!

Trader?: Stocks are useless. The only real money is Silver and Gold. The Jews want you to buy stocks because they control the market.

Trader2: [Insert APPL rocket to the moon here]

... and goes on and on ....

[kurious]

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

Correct.  As I said, you attacked Monero - unnecessarily and wrongly.  So I called you out on Dash, rightly.  

It's your mess, old chap - you didn't need to keep digging.

Yes I did attack Monero  

Are you canadian by any chance? You strike me as a canadian type

Well how astute a judge you are!




Just as astute as you are at judging cryptocurrencies, it seems!

[Harlot]

I feel like if we don't break 9400 in the next 12 hours it'll be time to sell...  

That bull flag is looking good though. I don't think anything is gonna stop it. It should break in less than 12 hours or it'll be too late to sell  .

Hey guys... seriously...

is this a bull flag or a rising wedge?

We just broke down on a ascending wedge and currently I ain't seeing the bull flag you were saying as we currently are 2 candles out on the hourly chart after the drop which isn't enough to see a formation forming as we just have drop from from 9,300 to 9,100$. Seeing that last point of trying to reach above 9,400$ failed as well as a bearish wedge there is no doubt that Bitcoin will fall. I just hope that Bitcoin will pick up momentum at this point before going above 9,400$ again.

[komrobert]

I think a small (re)pump is materialising now. On a small timescale, exactly the way Bitcoin tends to creep higher and higher once market participants no longer dare to dump.

[afbitcoins]

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

Correct.  As I said, you attacked Monero - unnecessarily and wrongly.  So I called you out on Dash, rightly.  

It's your mess, old chap - you didn't need to keep digging.

Yes I did attack Monero  

Are you canadian by any chance? You strike me as a canadian type

Well how astute a judge you are!




Just as astute as you are at judging cryptocurrencies, it seems!

Ah well, that explains it   

[DiamondHunter]

If this is not bullish, I don't know what is:

Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were  still confidential.
....
Goldman will initially only be trading futures contracts linked to bitcoin’s price. But Goldman executives said they were looking at moving in the direction of buying and selling actual bitcoins.
The Intercontinental Exchange’s effort, if it pans out, could make bitcoin available to a much wider and more influential customer base, including other financial firms.
...

Read the whole NYT article at:

https://economictimes.indiatimes.com/markets/stocks/news/coming-soon-bitcoin-trades-on-wall-street/articleshow/64076979.cms

I am bullish and all for Wall Street warming up to bitcoin and getting in the game, but what are your thoughts on them manipulating the markets through the futures short and the regular trading for keeping bitcoin in a desired band yoyoing for months and years defeating the purpose of HODL for the regular folks?

Genuine question, this is my worry for the near future

[kurious]

Again I never even mentioned Dash let alone try to persuade anyone of its merits  

Dash was all you.

Goodness me.

Correct.  As I said, you attacked Monero - unnecessarily and wrongly.  So I called you out on Dash, rightly.  

It's your mess, old chap - you didn't need to keep digging.

Yes I did attack Monero  

Are you canadian by any chance? You strike me as a canadian type

Well how astute a judge you are!




Just as astute as you are at judging cryptocurrencies, it seems!

Ah well, that explains it   

Read the small print?  You're a fair way off.  But excellent value.

[Neo_Coin]

 

[JayJuanGee]

If this is not bullish, I don't know what is:

Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were  still confidential.
....
Goldman will initially only be trading futures contracts linked to bitcoin’s price. But Goldman executives said they were looking at moving in the direction of buying and selling actual bitcoins.
The Intercontinental Exchange’s effort, if it pans out, could make bitcoin available to a much wider and more influential customer base, including other financial firms.
...

Read the whole NYT article at:

https://economictimes.indiatimes.com/markets/stocks/news/coming-soon-bitcoin-trades-on-wall-street/articleshow/64076979.cms

I am bullish and all for Wall Street warming up to bitcoin and getting in the game, but what are your thoughts on them manipulating the markets through the futures short and the regular trading for keeping bitcoin in a desired band yoyoing for months and years defeating the purpose of HODL for the regular folks?

Genuine question, this is my worry for the near future

What is your timeline?  If your timeline is long term, such as more than 5 years, then any attempts at manipulation are probably not going to matter in such a way to negatively affect you, unless you really believe that BIG money can be successful in manipulating in such a way to keep bitcoin in a trading band, and actually trickle the price down for years and years.  Sure, they can be effective for short term and even for a couple of years to keep the price down, and one of the problem these days is that people who invest are expecting 5x to 10x returns in a short period of time, and the reality of the matter is if you are getting better than 10% annual returns over the long term, your investment is doing very well.....   even though it may take a few years to average out above that 10% annual rate.

It is quite possible that bitcoin is going to perform well into the future, but of course, there are not any guarantees... furthermore, there is a hard supply issue coming up in bitcoin in less than 2 years, which is the next halvening from the mining of 12.5BTC per block to 6.25BTC per block.  In the past, it seems that manipulators attempted to manipulate the price down during the past halvenings in 2012 and 2016.. and surely that hard supply issue kicks in several months later, and the reality of less supply is difficult to manipulate down when there continues to be upwards price pressures, including developments and adoption that forces the price up and sometimes causes upwards explosions that are beyond the manipulators abilities to hold the price down.

You can invest a lot into bitcoin and leverage somewhat, or you can merely take a more modest approach and just invest 1% to 10% of your quasi-liquid assets into bitcoin.  Even those folks who take a modest approach have been able to profit handsomely historically, and are likely going to profit handsomely into the future.  One of the problems of leveraging or putting a lot of money into bitcoin, is that such actions could cause you to become too emotional or not to be able to weather the realities of cashflow issues and you end up selling at times that are NOT good for you or you get scared into losing position.  I certainly remain an advocate of  the practical approach of ongoing and modest investment into bitcoin, even though it is quite possible that you could make a lot more profit by risking greater asset investment into bitcoin, but that just has not been my approach in the past, and surely my portfolio is doing quite well with what I consider to be a more modest and seeking towards longer term investment approach, which I believe will continue to work, in spite of various future likely attempts at ongoing downward bitcoin price manipulations.